US Bank Cash + Visa Signature Credit Card Review 2022 – Forbes Advisor


Earn rewards

The US Bank Cash+® Visa Signature® Card earns 5% cash back on prepaid air, hotel and car reservations booked directly through the Rewards Travel Center, 5% cash back on your first $2,000 combined qualifying purchases each quarter in two categories you choose, 2% cash back on an everyday category, like gas stations, groceries or restaurants, and 1% cash back on all other qualifying purchases.

5% Class options include:

  • Television, Internet and Streaming Services
  • fast food
  • Mobile phone providers
  • Department stores
  • Domestic utilities
  • Select clothing stores
  • Electronics stores
  • Sporting Goods Stores
  • Movie theater
  • Gyms/fitness centers
  • Furniture stores
  • Land transportation

This card offers a welcome bonus: $200 reward after spending $1,000 on qualifying purchases within the first 120 days of account opening.

Redeem rewards

US Bank Cash+ cash back can be redeemed for statement credit, rewards card, or directly to a US Bank checking or savings account with a minimum redemption of $25. Cash rewards expire at the end of the calendar month, 36 months after the billing cycle in which they were earned.

Rewards potential

To determine the rewards potential of the US Bank Cash+® Visa Signature® card, we need to consider what an American household might spend on a credit card each year. Forbes Advisor uses data from various government agencies to determine both basic incomes and spending averages in various categories. The 70th percentile of salaried households brings in $100,172 a year and we base our spending on that figure.

Forbes Advisor estimates the household has $26,410 in expenses that can reasonably be charged to a credit card. Assuming $4,284 is spent each year in 5% cash back categories, a cardholder would earn $214.20 in cash back each year. Assuming an additional $5,687 is spent at groceries and earns 2% cash back, an additional $113.74 in cash back will be earned. If $12,723 of remaining credit card spend is charged, $127.23 in cash back will be earned, giving a total of $455.17 in annual cash back.


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